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In this video, I reveal a powerful yet often overlooked strategy to maximize your savings by legally hiring your kids through your business. Discover how you can significantly reduce your federal, state, and self-employment taxes, and use these savings to build your child's college fund with a 529 plan. Learn the step-by-step process, supported by IRS guidelines, to pay your children a reasonable wage and make tax-free contributions to their 529 plan or Roth IRA. I share my personal experiences and practical tips to help you implement this strategy effectively and benefit from substantial tax savings.
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Our financial planning process is an ongoing relationship because as you grow, your financial plan grows with you. At Sickle Hunter Financial Advisors, we believe that saving and making sound financial decisions will help improve your life’s changing needs and objectives. Retirement, college planning, wealth building, social security, and career benefit packets are only a few of the financial decisions that you may face in your lifetime and we’re here to help guide you.
TRAVIS T SICKLE, CFP®, EA®, AAMS®, CRPC®, RICP®
CERTIFIED FINANCIAL PLANNER™
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Sickle Hunter Financial Advisors
1646 W Snow Ave.
Suite 144
Tampa, FL 33606
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